Carlyle Group co-founder David Rubenstein, in an interview with CNBC, spoke about personal investments in crypto companies and was optimistic about the prospects for the industry, despite the current market downturn.
Today’s #SquawkPod: @DM_Rubenstein discusses his new book featuring his own interviews with the world’s best investors. He offers his best bets at this point in the cycle: health care, fintech, and #crypto.
— Squawk Box (@SquawkCNBC) September 1, 2022
The billionaire noted that his confidence is fueled by the desire of the younger generation to innovate.
“Young people tend to have the intelligence and energy to start trends. These are not seventy-somethings who say, “Let’s get into personal computers,” Rubinstein said.
The investor also expressed hope that state regulation would positively influence the development of the industry and would not slow down innovation.
“The supporters of cryptocurrencies in Congress are very strong and they are generally quite Republican and libertarian. The industry is unlikely to be powerful enough when dealing with legislators,” Rubenstein said.
In May 2021, the billionaire ruled out the disappearance of cryptocurrencies, noting that they will remain part of the financial landscape for years to come.
“Some blockchain-related investments and crypto-related things will probably be with us for some time,” he reiterated his assertion.
In March, the billionaire clarified in a podcast Colossusthat he invested not in digital assets, but in industry service companies.
In an interview with CNBC, he did not disclose which specific crypto firms he invested in.
It is known that Declaration Partners, an investment advisor to the Rubenstein family office, took part in a $200 million round for the NFT startup Immutable in March. In April, the firm backed infrastructure provider Paxos in a $300 million Series D round.
Recall that in the first half of 2022, the volume of venture investments in blockchain startups exceeded $30 billion, according to Messari and Dove Metrics.
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